Hoenig supports bank ring-fencing in the US
A director of the Federal Deposit Insurance Corporation, Thomas Hoenig, on September 20, advocated a return to a more accountable financial system in order to rebuild public trust.
Speaking at the Exchequer Club in Washington, DC, Hoenig said the publicly funded safety net for banks should be confined by separating banking from broker-dealing.
This would entail restricting commercial banks from engaging in higher risk/return activities such as trading, creating derivatives, or other broker
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Financial Stability
